Baby Basics
When you have a baby, everything changes. Not least of all, your finances.
When you have a baby, everything changes. Not least of all, your finances.

So you just had a baby. Congrats! One of the greatest gifts you can give them is to start planning for their financial future. Just follow these steps, and you could help put your little miracle on the path to retirement readiness.
Step 1: Create a budget.
A workable budget gives you a bird’s-eye view of your income and expenses today, so you can plan better for the financial future of you and your family. Find out more here.


Step 2: You’re counting pennies. Is now a good time to mention an emergency fund?
Kids and life are both unpredictable. Even if your current expenses are overwhelming, it’s a really good idea to set aside some money for unexpected expenses in future.


Step 3: Put those new-found protective instincts to use.
Life insurance can be a great help in providing for the financial well-being of your loved ones. Use this helpful tool to see how much coverage is right for you and your family.


Step 4: Just when you thought you had it down, college comes along.
Sending your kids to college could be one of the biggest financial stresses you’ll face. The sooner you start saving, the better you can prepare for those costs.


Step 5: Taking care of your child means taking care of yourself.
Strange as it seems, now’s the time to think about your own financial future. Your kids are planning on you being there for the long run. Take the following steps to help make sure your finances go the distance with you.


Step 6: Make your money work when you’re not working.
You may have stopped working to stay home with the kids. Whether it’s a short or long-term plan, it doesn’t mean you have to stop saving. See what your options are here.


Products and services offered through the Voya® family of companies.This material is provided for general and educational purposes only; it is not intended to provide legal, tax, insurance or investment advice. We recommend that you consult independent legal, tax and financial advisors for specific advice about your individual situation.Neither Voya nor its affiliated companies provide tax or legal advice. Please consult with your tax and legal advisors regarding your individual situation.